top of page

What are Payroll Taxes?

Updated: Aug 7, 2022

A business with one or more employees will need to withhold payroll taxes from an employee's paycheck and send it to the government. Payroll taxes are employment taxes that employers and employees pay a portion of, but it's the employer's responsibility to collect payroll taxes. There are federal payroll taxes, state payroll taxes (depending on the state), and in some areas, local payroll taxes.

The most common payroll taxes include:

  • Social Security Tax

  • Medicare Tax

  • Unemployment Tax

  • State Payroll Taxes (depending on the state)

Additional Resouces:

1. IRS form associated with federal tax withholding: Form W-4

2. Recommend online software to help you run your payroll: Gusto

Recent Posts

See All

If you are operating your business under a name that is not your legal name then your business will need to file for a DBA at the county or state level. You will also need to file a DBA if you have an

Before visiting your local bank to open a business account, you'll need to meet several bank requirements. The requirements will differ based on your business structure, such as a sole proprietorship,

While the federal minimum wage is currently $7.25 per hour, many states have a higher minimum wage. If your state has a higher minimum wage than the federal minimum wage, your state's minimum wage tak

bottom of page